Category: This Month in Coal

Foresight Delivers Record Steam Coal Sales in 2018

Foresight Energy capitalized on strong export markets and improved domestic spot opportunities to post record steam coal sales of 23.4 million tons in 2018, generating total revenue of $1.1 billion and adjusted EBITDA of more...

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Glencore Will Limit Coal Production

The world’s largest exporter of thermal coal, Glencore announced it would be capping its yearly coal production in the future to combat climate change. Glencore said it will prioritize its capital investment to grow production...

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Production Halts at Donkin Coal Mine

Kameron Collieries, an affiliate of The Cline Group, and owner/operator of the Donkin coal mine in Cape Breton, Nova Scotia, temporarily suspended production at Donkin due to a roof collapse in an older part of the mine. The...

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Illawarra Longwalls Performing Strong

In its latest quarterly report, Australian miner South32 noted exceptional improvement from its longwall mining units at its Illawarra Metallurgical Coal, which allowed it to exceed prior-production guidance. Coal production...

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Queensland Coal Exports Hit Record High

Queensland’s coal exports have reached a record high and yearly totals are predicted to continue growing, according to the Queensland Resources Council (QRC). The council said 223 million metric tons (mt) of coal was shipped...

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Cloud Peak Breaks the Buck

The U.S. coal company, Cloud Peak Energy, the largest pure play Powder River Basin coal producer, announced that on December 26, 2018, it was notified by the New York Stock Exchange (NYSE) that the average closing price of the...

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Oyu Tolgoi Signs Power Source Framework Agreement

Turquoise Hill Resources signed a Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia (Government), which provides a binding framework and pathway forward for the construction of a Tavan...

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Queensland Approves EIS for China Stone Coal Project

MacMines Austasia Pty Ltd. has received approval from Queensland’s coordinator general for the China Stone Coal project, a major step for the development of another huge Australian coal project. MacMines Austasia is a subsidiary...

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New Hope Acquires Controlling Interest in Bengalla JV

New Hope has reached a binding commitment with Taipower with respect to the Bengalla Joint Venture (JV). Taipower will purchase a further 10% interest in the Bengalla JV by participating in the sale by Wesfarmers Ltd. of its 40%...

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NRP, Foresight Resolve Legal Dispute

Natural Resource Partners and Foresight Energy recently settled litigations regarding Foresight Energy’s Hillsboro Energy Deer Run mine and Foresight Energy’s Macoupin Energy Shay mine. Upon execution of final documents, NRP...

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Westmoreland Files for Bankruptcy

During early October, Westmoreland Coal Co. entered into a restructuring support agreement (RSA) with members of an ad hoc group creditors. To implement the RSA, the company filed voluntary petitions for relief under chapter 11...

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